The Morning: Should you rent or buy your home?

Plus, fighting in Gaza, COP28 and the royal family.

View in browser|nytimes.com Continue reading the main story December 1, 2023 By David Leonhardt Good morning. We're covering the U.S. real estate market — as well as fighting in Gaza, COP28 and the royal family. San Diego. Roger Kisby for The New York Times Rent now, buy later Should you rent or buy your next home? It is a question that millions of people — especially younger adults who don't own a home — wrestle with. It's also a subject that I have written about in The Times for almost 20 years. Today, I want to revisit it, inspired by the interest of my colleagues on The Daily, many of whom are millennials trying to figure out what to do in their own lives. (Today's Daily episode is a discussion between Michael Barbaro and me about renting versus buying.) Now is a good moment to examine the question — because the answer is clearer than usual. "This is not the time to buy for most people," Mark Zandi, the chief economist of Moody's Analytics, told me. "Mortgage rates are extra high, and house prices are extra high, and there's not much to choose from in the market." Zandi added: "If you find the perfect place, then by all means buy it. But most people are not going to find it." A recent analysis by The Economist magazine came to a similar conclusion. I know that some readers will be surprised by this argument. Renting still brings a stigma. People equate it with throwing away money each month rather than investing in their future. The real estate industry promotes this idea because it makes far more money from a home sale than a rental. (Broker commissions are significantly higher in the U.S. than in many other countries, as Veronica Dagher of The Wall Street Journal has reported. The average sales commission here is 5.5 percent, compared with 4.5 percent in Germany, 2.5 percent in Australia and 1.3 percent in Britain.) In today's newsletter, I want to explain why people who are frustrated by the state of the housing market shouldn't feel bad about renting. In the long term, renting now may help you own the home you want in the future. Defying gravity If the housing market behaved as many other markets do, prices would have fallen over the last several years. Mortgage rates have risen sharply since the Covid pandemic receded, as the Federal Reserve has raised interest rates to lower inflation. Source: Freddie Mac, FRED Higher rates make monthly mortgage payments for new homes more expensive, which reduces demand and, in turn, should cause home prices to fall. But prices haven't fallen. Why not? Many homeowners feel an emotional attachment to their home value. They come up with a price they think they deserve and are unwilling to sell for less. Rather than cutting the price to make a sale, they pull the house off the market. That's partly why home sales have plummeted recently, but prices have hardly budged. The result is the worst of both worlds for would-be buyers: Home prices in many places are even higher today than they were when mortgage rates were very low. Source: Case-Shiller Home Price Indices, FRED The Bronx exception The rent-versus-buy decision always involves trade-offs. Buying allows people to invest in an asset that they can later sell instead of paying a landlord each month. It also brings the security and comfort of living in a home you control. On the flip side, buyers effectively pay tens of thousands of dollars to real estate agents. (Technically, the seller pays the agents — using the money the buyer paid — but the broker's fee inflates the cost for a buyer.) Buyers must also pay to fix leaky roofs and broken plumbing. They must tie up money in a down payment, instead of being able to invest it elsewhere. They must bear the risk that house prices will fall — and prices really can fall. Take another look at the home-price chart above; after the housing bubble of the early 2000s, prices didn't return to their previous peak for more than a decade. And buyers must pay mortgage interest to banks, especially in the early years of a mortgage when payments mostly go to cover interest, not the loan's principal. The mortgage-interest tax deduction does reduce the effective cost of these payments, but it doesn't eliminate it. The 2017 tax law signed by Donald Trump reduced the mortgage deduction in many places. Most of the time, these dueling factors argue for buying a home if you can afford to do so and you plan to live there for a long time. If you think you will move in several years, renting often wastes less money than buying. The current housing market has made renting even more attractive. Only if you find an affordable house where you're confident you will stay for a decade or longer does buying make sense in many places. There are exceptions: Prices in parts of the Midwest and Southeast seem reasonable, according to Moody's Analytics. Much of the Bronx is also affordable, The Economist noted. A good rule of thumb, Zandi told me, is to lean toward renting unless the rent ratio in your neighborhood — the purchase price of a house divided by the annual cost of renting a similar house — is below 18. In many cities, the average ratio is now above 25. I understand why many people are eager to own their home. But keep in mind that the current market isn't permanent. Many economists expect both home prices and mortgage rates to fall in coming years. On The Daily, Michael and I talk about a real estate mistake I made when I was in my 30s: I bought a home too soon. Related: Young people are renting out parts of their homes for additional income while interest rates are high, CNBC reports. Continue reading the main story ADVERTISEMENT THE LATEST NEWS Israel-Hamas War Israel obtained a detailed 40-page document outlining Hamas's plans to launch an attack from Gaza more than a year ago, but officials dismissed it as unfeasible and failed to prepare. The Israeli military announced that it had resumed fighting in Gaza. It said Hamas fired rockets from the territory in the final hours of the cease-fire. International mediators said talks of reviving a cease-fire were continuing. Antony Blinken, the U.S. secretary of state, urged Israel to limit civilian casualties on a visit to the country. Hamas released eight more hostages — six women and two teenagers — yesterday. Watch a video from The Times of Israel of a young woman being reunited with her family. Those released have started to describe their experiences. Children were forced to appear in hostage videos, and others had to watch gruesome footage of the Oct. 7 attacks, they said. Politics Henry Kissinger and Xi Jinping earlier this year. Xinhua/EPA, via Shutterstock Henry Kissinger still influenced global leaders before his death at 100, even as his power in the U.S. waned. An appeals court reinstated a gag order barring Donald Trump from verbally attacking courtroom staff in his New York civil fraud trial. Senate Republicans want changes to immigration law as part of any bill to fund Israel and Ukraine. Some Democrats are open to restricting asylum claims. A Senate panel authorized subpoenas for two prominent conservatives as part of an ethics inquiry into gifts given to Supreme Court justices. Gov. Ron DeSantis of Florida, who is running for president, and Gov. Gavin Newsom of California, who may do so in 2028, debated Covid restrictions and immigration on Fox News. The House is set to vote today on whether to expel Representative George Santos, the New York Republican who faces federal fraud charges. He seems to be embracing the spotlight. COP28 World leaders in Dubai. Peter Dejong/Associated Press World leaders are speaking at the U.N. climate summit in Dubai. Two major wars have strained climate diplomacy. Countries like Russia and China have spread disinformation about climate change — another obstacle to diplomacy. War in Ukraine The village of Ovsyanka, Russia. Nanna Heitmann for The New York Times In Russian cities, the war can feel distant. That isn't true in small villages. Russia labeled the gay rights movement as "extremist." Other Big Stories Prince Harry and his wife, Meghan. Evan Agostini/Invision, via Associated Press A book publishing "mistake" named the British royals who were said to have asked about the skin color of Prince Harry and Meghan's baby. An alleged plot to assassinate a Sikh American is testing President Biden's relationship with Narendra Modi, India's leader. A judge in Montana temporarily blocked the state from banning TikTok next year. Demand for lithium, a component in batteries for electric vehicles, is reviving a stagnant North Carolina mine. Opinions Vermont's welcoming nature hides a racism made stark by the shooting of three Palestinians, Jesse Wegman writes. Here are columns by Ross Douthat on Catholicism, Paul Krugman on the Affordable Care Act and Lydia Polgreen on gender. The Times has something for everyone — insightful reporting, daily games, doable recipes, detailed product reviews and personalized sports journalism. Enjoy it all with an All Access subscription. MORNING READS Sarah Mafféïs Health: Tomatoes and berries can help reduce your risk of cancer. See all the recommended foods. Privacy: "We spied on our teenage daughter with a hidden camera. Now what do we do?" Modern Love: If they were just "that fat couple," she couldn't bear it. Lives Lived: Shane MacGowan spent nine tumultuous years as frontman for the Pogues, a band that reinvigorated interest in Irish music by fusing it with punk rock. He died at 65. SPORTS N.F.L.: Dak Prescott made his case for M.V.P. with a stellar performance in a 41-35 win over the Seahawks. An accusation: Von Miller, the Buffalo Bills player, was arrested for allegedly assaulting a pregnant woman. A return: Bronny James, the U.S.C. freshman and son of LeBron James, will resume practicing soon, according to his family, four months after he suffered cardiac arrest in a practice session. Nothing but backboard: Some Korean basketball players love the bank shot. See why. Continue reading the main story ADVERTISEMENT ARTS AND IDEAS SZA Nina Westervelt for The New York Times Best of 2023: The Times's three pop music critics released their lists of the best albums of the year. Here is each critic's top choice: SZA, "SOS." Jon Pareles writes: "Her melodies blur any difference between rapping and singing, in casually acrobatic phrases full of jazzy syncopations and startling leaps." Asake, "Work of Art." Jon Caramanica writes: "Rooted in the South African dance style amapiano, and playing with a range of more traditional Nigerian styles, it is elegant, careful and precious." 100 gecs, "10,000 gecs." Lindsay Zoladz writes: "They wisely look back to a seemingly dead genre — rock music — and enliven it with genuinely appreciative, sonically studious tributes to pop-punk, metal, gonzo alt-rock and yes, even ska." More on culture Climate protesters interrupted the Met's revival of Wagner's "Tannhäuser." The show was delayed for more than 20 minutes. We asked dozens of creative people to forecast next year's cultural trends. Get ready for "meatball brown." THE MORNING RECOMMENDS … Andrew Sullivan for The New York Times Turn leftover bread into a delicious and simple bread pudding. See sea fireflies shine (and say that three times fast). Make clear ice. Bring these gifts to a party host. Take our news quiz. GAMES Here is today's Spelling Bee. Yesterday's pangram was aromatic. And here are today's Mini Crossword, Wordle, Sudoku and Connections. Thanks for spending part of your morning with The Times. See you tomorrow. — David P.S. Steve Moore is retiring after four decades as a security officer at The Times, where he guarded the paper's headquarters, faced down a gunman and even tangled with an actor. Sign up here to get this newsletter in your inbox. Reach our team at themorning@nytimes.com. Continue reading the main story Editor: David Leonhardt News Editor: Tom Wright-Piersanti News Staff: Desiree Ibekwe, Lauren Jackson, Sean Kawasaki-Culligan, Brent Lewis, German Lopez, Ian Prasad Philbrick, Ashley Wu News Assistant: Lyna Bentahar Saturday Writer: Melissa Kirsch Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for the Morning newsletter from The New York Times, or as part of your New York Times account. To stop receiving The Morning, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018

New daily targets announced

Sponsored Hi, Tom Busby here. I'm so excited for this week's big reveal of the all new project: Everyday Income. It's a brand new way for folks to target extra cash each and every day the stock market is open... And no, you don't need to wait months or even weeks to see the payouts... In fact, almost ALL of them come overnight. Now look, if you're reading this right now - you're no dummy. You know that with all trading and investing there's going to be winners and losers along the way... And I want to be clear that no strategy is absolutely perfect. But what I'm about to share with you today has worked on over 100 private signals with a remarkable 72.5% success rate... No backtest. No curve fitting. Real signals. And over the last few weeks, we've been able to fine tune the strategy to make it even better. That's what gets me so excited about the broadcast happening right now. Click here to login. Diversified Trading Institute 1555 University Blvd South, Mobile, Alabama 36695 Disclosure: The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 1/1/23 through 8/14/23 the win rate is 72.5%, based on a $2,500 starting stake the average return is $258 and the average winner is $735.   This email is a paid advertisement. It is for a product and/or service that is not offered, recommended or endorsed by OptionPUB and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. There is a very high degree of risk involved in trading. Past performance is not indicative of future results. The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. OptionPUB and all individuals affiliated with this site assume no responsibility for your trading and investment results. The indicators, strategies, columns, articles and all other features are strictly for communication purposes only and should not be construed as investment advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. Your information may be shared with our educational partners. You must assess the risk of any trade with your licensed investment professional and make your own independent decisions regarding any securities or investments mentioned herein. Affiliates of OptionPUB may have a position or effect transactions in the securities or investments described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

This email was sent to stevenmagallanes520.nims@blogger.com. Don't want to receive these emails anymore? Unsubscribe

OptionPUB, 101 Marketside Ave. Suite 404 PMB 318 Ponte Vedra, FL 32081

RE: Your Subscription to MarketBeat Daily Ratings

Hi there,Thanks for subscribing to our flagship newsletter, MarketBeat Daily Ratings.With your free newsletter subscription, we will... ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ Unsubscribe Hi there, Thanks for subscribing to our flagship newsletter, MarketBeat Daily Ratings. With your free newsletter subscription, we will send you the latest information and news about the stocks you're following, as well as the latest "Buy", "Hold", and "Sell" recommendations Wall Street's top-rated research analysts. We'll also send you stock market news, bonus content, and much more. But before all of that, we need to first confirm your subscription to make sure that you are only getting email that you want to receive.  Please take a moment and click the confirmation button below, and we will send you a short welcome email that has a bunch of great information about making the most of your new MarketBeat subscription. Confirm Your MarketBeat Subscription Here If you have any questions about MarketBeat, just reply to this email. Our South Dakota-based support team is ready to help you dive into your new MarketBeat account. Wendy, Maureen, Liz, and Andrew would love to hear from you. Thank you! Matthew Paulson Founder & CEO, MarketBeat Confirm Your Free Subscription to MarketBeat Daily Ratings Here

Thank you for subscribing to MarketBeat!   We empower individual investors to make better trading decisions by providing real-time financial information and objective market research.   MarketBeat is a small business and email is a crucial tool for us to share information, news, trading ideas and financial products and services with our subscribers (that's you!).   If you have questions about your subscription, feel free to contact our U.S. based support team via email at contact@marketbeat.com.   If you would like to unsubscribe or change which emails you receive, you can manage your mailing preferences or unsubscribe from these emails.   © 2006-2023 American Consumer News, LLC dba MarketBeat. 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. United States.

RE: Your Subscription to MarketBeat Daily Ratings

Hi there,Thanks for subscribing to our flagship newsletter, MarketBeat Daily Ratings.With your free newsletter subscription, we will... ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ Unsubscribe Hi there, Thanks for subscribing to our flagship newsletter, MarketBeat Daily Ratings. With your free newsletter subscription, we will send you the latest information and news about the stocks you're following, as well as the latest "Buy", "Hold", and "Sell" recommendations Wall Street's top-rated research analysts. We'll also send you stock market news, bonus content, and much more. But before all of that, we need to first confirm your subscription to make sure that you are only getting email that you want to receive.  Please take a moment and click the confirmation button below, and we will send you a short welcome email that has a bunch of great information about making the most of your new MarketBeat subscription. Confirm Your MarketBeat Subscription Here If you have any questions about MarketBeat, just reply to this email. Our South Dakota-based support team is ready to help you dive into your new MarketBeat account. Wendy, Maureen, Liz, and Andrew would love to hear from you. Thank you! Matthew Paulson Founder & CEO, MarketBeat Confirm Your Free Subscription to MarketBeat Daily Ratings Here

Thank you for subscribing to MarketBeat!   We empower individual investors to make better trading decisions by providing real-time financial information and objective market research.   MarketBeat is a small business and email is a crucial tool for us to share information, news, trading ideas and financial products and services with our subscribers (that's you!).   If you have questions about your subscription, feel free to contact our U.S. based support team via email at contact@marketbeat.com.   If you would like to unsubscribe or change which emails you receive, you can manage your mailing preferences or unsubscribe from these emails.   © 2006-2023 American Consumer News, LLC dba MarketBeat. 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. United States.

RE: Your Subscription to MarketBeat Daily Ratings

Hi there,Thanks for subscribing to our flagship newsletter, MarketBeat Daily Ratings.With your free newsletter subscription, we will... ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ Unsubscribe Hi there, Thanks for subscribing to our flagship newsletter, MarketBeat Daily Ratings. With your free newsletter subscription, we will send you the latest information and news about the stocks you're following, as well as the latest "Buy", "Hold", and "Sell" recommendations Wall Street's top-rated research analysts. We'll also send you stock market news, bonus content, and much more. But before all of that, we need to first confirm your subscription to make sure that you are only getting email that you want to receive.  Please take a moment and click the confirmation button below, and we will send you a short welcome email that has a bunch of great information about making the most of your new MarketBeat subscription. Confirm Your MarketBeat Subscription Here If you have any questions about MarketBeat, just reply to this email. Our South Dakota-based support team is ready to help you dive into your new MarketBeat account. Wendy, Maureen, Liz, and Andrew would love to hear from you. Thank you! Matthew Paulson Founder & CEO, MarketBeat Confirm Your Free Subscription to MarketBeat Daily Ratings Here

Thank you for subscribing to MarketBeat!   We empower individual investors to make better trading decisions by providing real-time financial information and objective market research.   MarketBeat is a small business and email is a crucial tool for us to share information, news, trading ideas and financial products and services with our subscribers (that's you!).   If you have questions about your subscription, feel free to contact our U.S. based support team via email at contact@marketbeat.com.   If you would like to unsubscribe or change which emails you receive, you can manage your mailing preferences or unsubscribe from these emails.   © 2006-2023 American Consumer News, LLC dba MarketBeat. 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. United States.

The Latest Find from the "Mother of American Lithium" Could Be the Largest Yet

No one else was doing it in 2008, when the Craigs started. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ A Message from The Tomorrow Investor   |   Unsubscribe The Craig family basically invented lithium exploration in Nevada. No one else was doing it in 2008, when the Craigs started. So no one else was there to find Rhyolite Ridge - the geologic formation that feeds lithium, boron, and other precious metals into the surrounding area. For the past 30 million years, briny acquifers have flowed through Rhyolite Ridge, depositing lithium in numerous pockets. Ioneer is developing one of those pockets. They first grabbed their claims from the Craigs - and saw their market cap shoot up from ~$10 million to over $200 million. The Department of Energy has granted Ioneer a $700 million loan to develop their property - indicating even greater valuations could be on the way. Rhyolite Ridge feeds the only active lithium-brine mining operation in the US - Albemarle's Silver Peak Project. And, perhaps most exciting, it empties into the contained Columbus Basin. This basin once hosted a thriving boron extraction operation, when boron was in high demand to make soap for California prospectors. The large and very promising target area at the Columbus Basin has never been explored for lithium. That will change in the 1st quarter of 2024 when a small microcap, will start drilling and then announce its findings. The preliminary data is very promising, with lithium concentrations in the clay that is right in line with surrounding Rhyolite Ridge projects. The geology is ideal, with a series of aquifers and a multi-tiered brine system already identified in this hydrologically-contained basin. Anything washing this direction off Rhyolite Ridge ends up trapped here. The target is huge, over 20,000 hectares in size and over 12,000 feet deep. And an explorer with a market cap under $15 million not only controls the highly prospective Comlubus Basin project, they also control 100% of the water rights. The Craigs have already sold lithium claims to companies that went on to combine for over $1 billion in market value. This could be the next major success story. Click here to learn more about this company... why the Craigs chose this team to develop this final Rhyolite Ridge project... and why now is the absolute best time to do your research. Tomorrow Investor

This message is a paid advertisement sent on behalf of The Tomorrow Investor, a third-party advertiser of MarketBeat. Why did I receive this email?     This message is a paid advertisement for Canter Resources (OTC:CNRCF, CSE:CRC) from The Tomorrow Investor and Summit Publishing. American Consumer News, LLC dba MarketBeat receives a fixed fee for each subscriber that clicks on a link in this email, totaling up to $3,000. Other than the compensation received for this advertisement sent to subscribers, MarketBeat and its principals are not affiliated with either The Tomorrow Investor or Summit Publishing. MarketBeat and its principals do not own any of the stocks mentioned in this email or in the article that this email links to. Neither MarketBeat nor its principals are FINRA-registered broker-dealers or investment advisers. The content of this email should not be taken as advice, an endorsement, or a recommendation from MarketBeat to buy or sell any security. MarketBeat has not evaluated the accuracy of any claims made in this advertisement. MarketBeat recommends that investors do their own independent research and consult with a qualified investment professional before buying or selling any security. Investing is inherently risky. Past-performance is not indicative of future results. Please see the disclaimer regarding Canter Resources (OTC:CNRCF, CSE:CRC) on Summit Publishing' website for additional information about the relationship between Summit Publishing and Canter Resources (OTC:CNRCF, CSE:CRC).     If you have questions about your subscription, feel free to contact our U.S. based support team via email at contact@marketbeat.com.   If you would no longer like to receive promotional emails from MarketBeat advertisers, you can unsubscribe or manage your mailing preferences here.   © 2006-2023 American Consumer News, LLC dba MarketBeat. 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. United States.